Use a Modern Software Tool to Perform Statistical Calculations -Calculate the Total Profit

question 33

Multiple Choice

Use a modern software tool to perform statistical calculations.
Use the table below to answer the following question(s) .
Below is the profit model spreadsheet for the Lazarus Shoe Company producing their latest model of shoes for the month of January. $\begin{array}{|l|l|}\hline\begin{array}{l}\text { Profit Model for Lazarus } \\\text { Shoe Company for } \\\text { January }\end{array} & \text { (All cost in } \$) \\\hline & \\\hline \text { Unit Price } & 47 \\\hline \text { Unit Cost } & 22 \\\hline \text { Fixed Cost for Production } & 350,000 \\\hline \text { Demand } & 40,000 \\\hline & \\\hline \text { Model } & \\\hline & \\\hline \text { Unit Price } & 47 \\\hline \text { Quantity Sold } & 38,000 \\\hline \text { Rev enue } & \\\hline & \\\hline \text { Unit Cost } & 22 \\\hline \text { QuantityProduced } & 38,000 \\\hline \text { Variable Cost } & \\\hline \text { Fixed Cost } & 350,000 \\\hline & \\\hline \text { Profit } & \\\hline\end{array}$
-Calculate the total profit.

• A) $600,000
• B) $1,436,000
• C) $836,000
• D) $1,786,000

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Definitions:

Round Off

The process of adjusting a numerical value to its nearest specified place value, reducing the digits to the right.

Decimal Places

The count of figures positioned after the decimal point within a number.

Divide

A basic mathematical operation involving the division of one number by another to find a quotient.

Decimal Places

The number of digits to the right of the decimal point in a numerical value.